Australians who start planning their super strategy earlier have a better chance at securing the retirement that they want.
Here are five steps to creating a strong super strategy:
Good Advice: Seek professional advice because superannuation is complicated and your accountant can guide you towards making the best decisions.
Fees: Look very carefully at the fees that your super fund is charging you! Exhorbitant fees can eat away a big portion of your savings
Changing funds: It is not advisable to change funds based on returns from previous years. To get an accurate picture of a fund’s performance you should look at a period of at least ten years (there are a lot of one offs when it comes to annual returns).
Options: You should take an active interest in how much of your money is invested in growth and defensive asset classes, and this should change according to your age and personal circumstances.
Top up: Make regular salary sacrifices into your superannuation. Even small super tops-ups can make a big difference down the road once compound interest has worked its magic.
Susan Flux, Brisbane
Since that time I known Tony and his team at Lee and Lee, they have provided me with outstanding advice and services regarding my personal, family and especially my SMSF borrowing setup for wealth creation and tax reduction strategies that have since led to financial independence.
I now very clear and feel confident on my future financial goals and taxation strategies and know they can be achieved with Tony's expert and professional help.
Shukri Barbara, Property Tax Specialists Sydney
Tony has impressed me with his technical knowledge and execution. He works with honesty and integrity and is generous in his dealings.
John Mu, Internet Marketing Strategist Gold Coast
Tony has the strategies which are helping me legally minimise tax. He has helped me in my personal development and wealth creation to build a multimillion dollar property portfolio.
If you want a hands-on accountant who knows his stuff...Tony Lee is the man!